Raymond plans ₹215 crore warrant issue after post-demerger Q1 growth
Raymond Ltd shares surged 16% to a 52-week high of ₹1,024 as the post-demerger company proposed a ₹214.71 crore preferential warrant issue to Minerva Ventures Fund. Q1 FY2027 income rose 13% to ₹628 crore and EBITDA grew 14%, supported by aerospace and defence.
What happened
Raymond Ltd. · Raymond shares jumped 16% to ₹1,024 after its lifestyle and real-estate demerger. The remaining company plans a ₹214.71 crore preferential
Key facts
- Share price rose 16% to a 52-week high of ₹1,024
- 3,328,686 convertible warrants
- Issue price: ₹645 per warrant, including ₹635 premium
- Planned fundraise: approximately ₹214.71 crore
- Q1 FY2027 total income: ₹628 crore, up 13% YoY
What changed
Raymond shares jumped 16% to ₹1,024 after its lifestyle and real-estate demerger. The remaining company plans a ₹214.71 crore preferential warrant issue to Minerva Ventures Fund and reported stronger Q1 FY2027 income and EBITDA, led by aerospace and defence growth.
Why this matters
Raymond’s post-demerger Q1 momentum—income up 13% and EBITDA up 14%—shows aerospace and defence are becoming meaningful operational growth drivers alongside its core businesses.
What to watch
- Warrant issue price relative to market price and the resulting potential equity dilution.
- Whether Minerva Ventures completes subscription and subsequently converts warrants.
- Quarterly EBITDA-margin progression alongside the 13% income growth base.
- New aerospace and defence orders, backlog disclosures, certifications or capacity announcements.
- Management guidance on use of ₹214.71 crore proceeds.